A committee of European Union lawmakers on Thursday reached a preliminary agreement on a European Artificial Intelligence Act, which would pave the way to the first ever regulation of AI.
"Against conservative wishes for more surveillance and leftist fantasies of over-regulation, parliament found a solid compromise that would regulate AI proportionately, protect citizens' rights, as well as foster innovation and boost the economy," said Svenja Hahn, a European Parliament deputy.
The European Commission proposed the draft rules nearly two years ago in a bid to protect citizens from the dangers of the emerging technology, which has experienced a boom in investment and consumer popularity in recent months.
The draft needs to be thrashed out between EU countries and EU lawmakers, called a trilogue, before the rules can become law.
Under the proposals, companies which make generative AI tools such as ChatGPT would have to disclose if they have used copyrighted material in their systems.
Legislators have sought to strike a balance between encouraging innovation while protecting citizens' fundamental rights.
This led to different AI tools being classified according to their perceived risk level: from minimal through to limited, high, and unacceptable. High-risk tools won't be banned, but will require companies to be highly transparent in their operations.
In the US, the chair of the Senate Intelligence Committee on Wednesday urged CEOs of several artificial intelligence (AI) companies to prioritize security measures, combat bias, and responsibly roll out new technologies.
Democratic Senator Mark Warner raised concerns about potential risks posed by AI technology. "Beyond industry commitments, however, it is also clear that some level of regulation is necessary in this field," said Warner, who sent letters to the CEOs of OpenAI, Scale AI, Meta Platforms, Alphabet's Google, Apple, Stability AI, Midjourney, Anthropic, Percipient.ai, and Microsoft.
© Thomson Reuters 2023
Affiliate links may be automatically generated - see our ethics statement for details.